Here’s what you should know. Just a warning, it’s an Alibaba update today.

1. Jack Ma on the future of online trade

 

Jack Ma shared his insights on the future of online trade and globalization with Aaron Ross Sorkin at Davos, Switzerland, where they covered a range of topics from trade war, President Donald Trump to the differences between Alibaba and Amazon.

Read the interview transcript here

 

2. Lazada Malaysia launches Oriental Pavillion

Lazada Malaysia yesterday launched Oriental Pavillion, a dedicated page within lazada.com.my for Malaysian consumers to shop for reputable brands from China.

Lazada’s initiative is to introduce Chinese brands from TMall as a part of a joined effort between Lazada and Alibaba.

Read the rest of the story here.

 

3. Recommended Reading: Alibaba buys into retail stores strategy

Why? “Today we cannot just separate online and offline,” Daniel Zhang, Alibaba chief executive, told a panel at Davos last week. Even when people are shopping in malls, he pointed out, they are on their phones.

More on offline retail PWC Hong Kong says “to say that bricks and mortar is dead is wrong. It just needs to evolve, into smaller-format stores, for example, and embrace in-store digital technology.”

What is Alibaba doing about this? It just poured $2.6 billion to privatize Intime department store in China, effectively blurring the lines between online and offline.

Read the rest of the story here

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